Sustainable Insight Capital Management LLC Buys Shares of 8,305 Ferrari N.V. $RACE

Sustainable Insight Capital Management LLC bought a new stake in Ferrari N.V. (NYSE:RACE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,305 shares of the company’s stock, valued at approximately $4,073,000. Ferrari makes up approximately 1.8% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in Ferrari during the first quarter worth $501,000. Crossmark Global Holdings Inc. raised its stake in Ferrari by 1.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,291 shares of the company’s stock valued at $1,836,000 after purchasing an additional 47 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Ferrari by 2.1% in the first quarter. Stratos Wealth Partners LTD. now owns 3,624 shares of the company’s stock valued at $1,551,000 after buying an additional 74 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Ferrari by 4.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,063 shares of the company’s stock worth $454,000 after purchasing an additional 42 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in Ferrari by 11.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 1,117 shares of the company’s stock worth $478,000 after buying an additional 119 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RACE shares. Deutsche Bank Aktiengesellschaft raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, September 2nd. Cfra Research downgraded shares of Ferrari from a “hold” rating to a “moderate sell” rating in a research note on Thursday, July 31st. Hsbc Global Res raised shares of Ferrari from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Evercore ISI cut their price target on Ferrari from $580.00 to $475.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ferrari in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $504.71.

Ferrari Trading Down 0.3%

RACE opened at $405.60 on Friday. The business’s 50-day simple moving average is $447.52 and its 200-day simple moving average is $466.30. The company has a market cap of $98.31 billion, a P/E ratio of 40.97, a PEG ratio of 4.34 and a beta of 1.07. Ferrari N.V. has a one year low of $372.31 and a one year high of $519.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.94 and a current ratio of 4.90.

Ferrari (NYSE:RACE) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.35 by $0.15. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.94 billion. Ferrari had a net margin of 22.65% and a return on equity of 44.20%. Ferrari has set its FY 2025 guidance at 10.290- EPS. As a group, equities research analysts expect that Ferrari N.V. will post 9.22 EPS for the current fiscal year.

Ferrari Company Profile

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.